Merritt Island Homes under $200,000

Merritt Island Homes under $200,000

Welcome to Merritt Island, Florida, a picturesque gem nestled in Brevard County, where the charm of small-town living meets the beauty of nature. Known for its lush landscapes and proximity to the stunning Atlantic coastline, Merritt Island offers residents a laid-back lifestyle with abundant recreational opportunities. Whether you’re exploring the serene waters of the Indian River or enjoying a day at the nearby Cocoa Beach, this vibrant community has something for everyone.

For those seeking an affordable entry into this idyllic locale, Merritt Island boasts a variety of homes available for under $200,000. These properties provide an excellent opportunity for first-time homebuyers, retirees, or anyone looking to invest in a slice of paradise without breaking the bank. From cozy single-family homes to charming townhouses, you’ll find a range of options that cater to diverse tastes and lifestyles.

Imagine waking up to the gentle sounds of nature, with easy access to parks, shopping centers, and top-rated schools. Merritt Island’s family-friendly atmosphere and strong sense of community make it a desirable place to call home. Plus, with its convenient location just a short drive from the bustling city of Melbourne and the world-famous Kennedy Space Center, you’ll enjoy the perfect blend of tranquility and excitement.

Don’t miss your chance to discover the hidden treasures of Merritt Island. With its affordable housing market and stunning surroundings, your dream home awaits in this enchanting Floridian paradise!

Newest Merritt Island Homes under $200,000

225 S Tropical Trail Unit 124, Merritt Island
$184,900
2 Beds ⋅ 1 Baths ⋅ 1090431 MLS
Welcome to Sunset Bay! Experience the Florida lifestyle in this beautiful waterfront gated community along the Indian River. This spacious 3rd-floor condominium offers 1,081 sq. ft. of living space with 2 bedrooms, 1 bath, and new vinyl flooring throughout. Enjoy the peaceful waterfront setting, amazing sunsets, and spectacular Space Coast rocket launches right from your community! Sunset Bay offers an array of amenities, including a sparkling community pool and clubhouse, creating the perfect setting to relax and enjoy the Florida sunshine. Conveniently located near shopping, dining, entertainment, and area attractions. Whether you're looking for a full-time residence or a Florida getaway, this is a wonderful opportunity to enjoy the Space Coast lifestyle. Schedule your showing today!

225 S Tropical Trail Unit 124, Merritt Island
225 S Tropical Trail Unit 610, Merritt Island
$170,000
2 Beds ⋅ 1 Baths ⋅ 1089683 MLS
Welcome to waterfront living at Sunset Bay! This 2-bedroom, 1-bath condo offers beautiful views of the Indian River! Featuring vaulted ceilings and laminate flooring throughout, creating a fresh and open feel. Enjoy a relaxed resort-style lifestyle in this gated Merritt Island community with a sparkling pool and spa, fitness center, clubhouse, tennis and basketball courts, walking paths, BBQ areas, riverfront dock, kayak/canoe storage and convenient car wash area. Spend your days relaxing by the water, enjoying the community amenities or watching stunning sunsets over the Indian River. Ideally located just minutes from Cocoa Village, Cocoa Beach, shopping, dining and major roadways, this condo is perfect as a full-time residence, coastal getaway or investment opportunity. Don't miss your chance to enjoy the best of the Florida coastal lifestyle in a desirable waterfront community! Updates: Electrical Panel (2020), bathroom (2018/2024), kitchen (2018), A/C: 2020, W/H 2026

225 S Tropical Trail Unit 610, Merritt Island
120 Mutiny Lane, Merritt Island
$89,900
1 Beds ⋅ 1 Baths ⋅ 1089497 MLS
Beautifully updated 1-bedroom, 1-bath co-op located in the heart of Merritt Island. This move-in-ready residence offers approximately 550 square feet of comfortable living space with a functional layout and modern finishes throughout. The updated kitchen features quartz countertops, wood cabinetry, breakfast bar, kitchen island, and ample storage, creating a practical and inviting space. The bedroom offers a walk-in closet, while the renovated bathroom complements the home's clean and contemporary style. Located within the Merritt Island Co-Op Apartments, this residence provides a low-maintenance lifestyle in a convenient location near shopping, dining, major roadways, and the Space Coast's many attractions.

120 Mutiny Lane, Merritt Island
2097 Hidden Grove Lane Unit 209, Merritt Island
$185,000
3 Beds ⋅ 2 Baths ⋅ 1089238 MLS
Looking for a little more room in Merritt Island? This fantastic condo offers just over 1,500 sq ft, 3 large bedrooms, 2 full baths, and a detached garage! Located in a small community on a quiet dead-end street, this second-floor home features high ceilings and architectural details that give the space plenty of character. There's lots of room to spread out in the open living layout. Spend the evening on the covered patio or enjoy the community pool. The Hidden Glenn community is close to Courtenay Parkway and SR 528, with easy access to the beaches, Kennedy Space Center, and I-95. A great combination of space, convenience, and value in this Merritt Island condo!

2097 Hidden Grove Lane Unit 209, Merritt Island
120 Mutiny Lane, Merritt Island
$74,500
1 Beds ⋅ 1 Baths ⋅ 1089200 MLS
Hidden Gem Nestled Perfectly In The Heart Of The Banana River, Cocoa Beach and Port Canaveral. Tucked away nicely in a peaceful, serene living with the amenities of the city and beaches at your doorstep. Coveted first floor unit. A Truly Maintenance Free Living with several full time maintenance men on staff daily in a beautifully cared for community. Resort style pool is heated year round and serviced daily. Matching tile throughout main living areas, super spacious walk in closet, windows galore with beautiful green space and mature tree views, deeded carport. Community gazebo for gatherings, covered playground, barbecue, pickle and basketball court. 5 convenient laundries are secured and equipped with smart washer/ dryers. Boat parking available first come for a low fee. Easy access to Orlando via 528 Beachline. Fishing, dining, shopping, golf, music, bus line. No Rental or AirBnB. Cash Only. Buyer must submit Co-op application, credit check & board approval. Hallways are being remodeled.

120 Mutiny Lane, Merritt Island
200 Bounty Street, Merritt Island
$175,000
3 Beds ⋅ 2 Baths ⋅ 1088509 MLS
TURNKEY LUXURY...Fully Furnished To A High Standard. A much coveted 3 Bed, 2 Bath First Floor End Unit. Bring Your Boat...ONLY 4 MILES TO THE BEACH SURROUNDED BY RIVERS! Near SpaceX, the Port, Beaches, Dining with easy access to Orlando. Primary with walk in closet and private bathroom remodeled with designer quartz tops. The immaculately kept terrazzo is a beautiful light color, runs throughout and is in pristine condition=No Grout Joints To Scrub! Upgraded 6 panel doors and baseboards. Endless windows for natural lighting galore. Deeded carport close to entrance with room for a shed. A Truly Maintenance Free Living in a beautifully kept community with full time maintenance. Monthly fee covers maintaining/replacing co-op issued A/C unit & water heater, water/sewer, trash and property taxes. Cash only, Owner Occupants Only. No Rentals, No Air BnB. Buyer must submit Co-op application, credit check & board approval.

200 Bounty Street, Merritt Island
420 Catamaran Drive Unit 99, Merritt Island
$144,500
2 Beds ⋅ 2 Baths ⋅ 1088443 MLS
Highly desirable FIRST floor CORNER unit! Just steps away from the pool! Walk out your screened porch and RELAX in the lovely pool area! Enjoy water views from your rear patio! Centrally located on Merritt Island - close to shopping, restaurants and parks. Bring your own personal touch to this adorable two bed two bath. Perfect for an investor or handyman special!

420 Catamaran Drive Unit 99, Merritt Island
250 N Banana River Drive, Merritt Island
$149,000
2 Beds ⋅ 1 Baths ⋅ 1088402 MLS
OWNER FINANCING AVAILABLE! Don't miss an opportunity to own a TWO BEDROOM unit on the FIRST FLOOR. Unit features tile throughout and some updates to the kitchen and bathroom. The sliders have a view of the courtyard. It's tenant occupied through 8/31/2027 at $1,500/mo. The tenant is wonderful and pays on time. And the HOA covers the water, sewer, trash, ground and exterior building maintenance. And the 2026 taxes are reduced, making this an investor friendly property. Carport 99 is assigned to this unit. The community offers laundry facilities, onsite management, a heated pool, a tiki hut and access to the canal. Live in a perfect location! You're minutes to Cocoa Beach, Ron Jons, Port Canaveral and restaurants and shops in Merritt Island. Rt 528 is convenient to get to the beaches and to Orlando.

250 N Banana River Drive, Merritt Island
225 S Tropical Trail Unit 616, Merritt Island
$197,000
2 Beds ⋅ 1 Baths ⋅ 1086679 MLS
Coming Soon to Sunset Bay! Welcome home to this tranquil, riverfront community nestled in a park-like setting. This beautifully updated, ground-floor corner unit features a bright, cheery, and modern atmosphere. Highlights include a chic open floor plan, stainless steel appliances, an updated bathroom, abundant closet and storage space, full-size washer/dryer hookups, and a private enclosed patio. Enjoy resort-style living in a gated community offering top-tier amenities: pool, spa, clubhouse, BBQ area, fire pit, scenic walking paths, tennis courts, and a fitness center. Take in peaceful views of local wildlife, dolphins, and breathtaking sunsets right from the grounds. Ideally located just 10 minutes to the beaches, 45 minutes to Orlando International Airport, and 1 hour to theme parks.

225 S Tropical Trail Unit 616, Merritt Island
225 S Tropical Trail Unit 617, Merritt Island
$180,000
2 Beds ⋅ 2 Baths ⋅ 1088078 MLS
This 2/2 condo offers 1,010 square feet of comfortable living in a desirable Merritt Island waterfront community. Enjoy a convenient central location along the Indian River with access to community amenities and the relaxed Florida lifestyle. Enjoy a nearly-new a/c unit and a brand new washing machine in this unit!

225 S Tropical Trail Unit 617, Merritt Island
101 Summer Place Unit 1, Merritt Island
$168,000
2 Beds ⋅ 2 Baths ⋅ 1087806 MLS
Summer Place in Central Merritt Island! Updated two bedroom two bath corner unit! Steps away from community pool and playground! Luxury vinyl plank and tile floors. Full size washer and dryer in closet in kitchen. Master bedroom with walk-in closet and bathroom. Screened porch overlooking common area, pool and playground. Walk out your porch right to the pool or the playground!

101 Summer Place Unit 1, Merritt Island
195 Treasure Street, Merritt Island
$115,000
2 Beds ⋅ 1 Baths ⋅ 1086742 MLS
Bring Your Boat! A Secret Gem Only 4 Miles To The Beach In the heart of the Banana River, Cocoa Beach and Port Canaveral. Tucked away nicely in a peaceful area but with the amenities of the city and beaches within your reach. A truly maintenance free living in a beautifully kept community with full time maintenance on staff. A carrying charge covers the repair/replacement of co-op issued A/C unit & water heater, water/sewer, trash and property taxes. Endless windows for natural lighting and green space views. Newer baseboard and 6 panel doors. Large walk in closet. Deeded carport with room for a shed. Resort style pool is heated year round and maintained daily. Community gazebo, playground, barbecue, pickleball, basketball. 5 convenient laundries are secured and equipped with smart washer/ dryers. Boat parking is first come for a fee. Easy access to Orlando, SpaceX via 528 Beachline. Groceries, dining, shopping, fishing, bus line. Cash only. Owner occupants only, noccupants only, no

195 Treasure Street, Merritt Island
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